Peter’s weekly commentary on financial data, national and global news and how to survive the coming financial crisis.

Is the Fed Losing Control of the Narrative? – Ep. 339

Fed Surprised No One

Today, the Federal Reserve surprised nobody. They raised interest rates by 25 basis points; the 6th rate hike since the Fed began, in December of 2015.  The rate is now between 1.5% and 1.75%, so the midpoint of that is around 1.635. So we’re still significantly below 2%, but I guess we’re […]

By | March 21st, 2018|PODCAST|0 Comments

Is the March Rate Hike Really a Lock? – Ep. 338

Tomorrow is the first of the Fed’s 2-day Federal Open Market Committee Meeting, and it’s going to be the first meeting where there is supposed to be a rate hike and a press conference for the new chairman, Jerome Powell.  The markets are pretty much at 100% probability that the Fed is going to raise […]

By | March 19th, 2018|PODCAST|0 Comments

The Worse Things Get, the Less Investors Notice – Ep. 337

Retail Sales Down Three Months in a Row

I’ve got so much to talk about today, it’s hard to even figure out where to begin.  So I’ll start with some of the economic data that came out today, in particular, the February Retail Sales number. Remember last month we had a bad number, -.3, the second […]

By | March 14th, 2018|PODCAST|0 Comments

Tariffs Are Not Good for Workers


The stock market had one of its best days of the year; I think it was the second best day.  The Dow was up 440 points – just under 1.8%.  The NASDAQ was up 132 points; about the exact same percentage as the Dow.  The NASDAQ is now at an all-time record high! […]

By | March 10th, 2018|PODCAST|0 Comments

All Government Economists Should Be Fired – Ep. 335

Continued Stock Market Volatility

The U.S. stock market continues to be extremely volatile, and as I have said many times on this podcast, I think this volatility following a long-term record lack of volatility is a good sign that the uptrend has changed.  So there’s a good chance that the bull market is now a bear […]

By | March 7th, 2018|PODCAST|Comments Off on All Government Economists Should Be Fired – Ep. 335

America Can’t Win a Trade War – Ep. 334

Trade, Comparative Advantage and Protectionism

I want to devote this entire podcast on the subject of trade and comparative advantage and protectionism, and this trade war that President Trump is so confident about.  He wants to declare war because he thinks we are going to win.  He’s a winner, and he wants America to win and […]

By | March 3rd, 2018|PODCAST|Comments Off on America Can’t Win a Trade War – Ep. 334

Powell Optimism Belies Data – Ep. 333

Second Consecutive 300-Point Drop in the Dow

The Dow Jones was down 380 points today, in fact this is the second consecutive 300-point drop we’ve had in the Dow. The Dow is now down about 4% for the month of February which just ended today.  This also means the Dow’s record-breaking monthly winning streak has also […]

By | February 28th, 2018|PODCAST|Comments Off on Powell Optimism Belies Data – Ep. 333

So Much Debt, so Little Concern – Ep. 332

Remembering Irwin Schiff

Today would have been my father, Irwin Schiff’s 90th birthday. If you’re not familiar with my father’s story, and I’m sure most of the people who listen to this podcast are familiar with my father but if you’re not go to schiffbooks.com and pick up a copy of “The Federal Mafia,” which was […]

By | February 23rd, 2018|PODCAST|Comments Off on So Much Debt, so Little Concern – Ep. 332

Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Dow Down Over 250 Points

Today the Dow Jones was down just over 250 points; we’re back below 25,000. I think we were down better than 300 on the lows of the day, but we went out pretty low.  The dollar was actually quite strong today; the dollar index had one of its better days of […]

By | February 20th, 2018|PODCAST|Comments Off on Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Is the Powell Put in Play? Ep. 330

St. Valentine’s Day Rout

I wouldn’t really call what happened in the bond market and the U.S. dollar market as a St. Valentine’s Day massacre, maybe it was a slaughter; even slaughter was too harsh a word.  It was a rout.  But this is nothing compared to what is going to come. The daughter is going […]

By | February 14th, 2018|PODCAST|Comments Off on Is the Powell Put in Play? Ep. 330